November 21 E-commerce Morning News

　　#Laogao E-commerce News# [November 21 E-commerce Morning News Brief] Pinduoduo's US stock market fell by more than 10% before the market, and its net loss in the third quarter far exceeded expectations; Pinduoduo's US stock market fell by more than 10% before the market, and its net loss in the third quarter far exceeded expectations; Pinduoduo Huang Zheng: Subsidies will continue in the next quarter; Wang Sicong was lifted for the consumption restriction order; NetEase's net revenue in the third quarter was 14.64 billion yuan, and its net profit continued to operate was 4.726 billion yuan...

　　E-commerce newsletter

　　1. Pinduoduo's US stock market fell by more than 10% before the market trading, and its net loss in the third quarter far exceeded expectations

　　According to news on November 20, Pinduoduo's US stock market fell by more than 10% before the market opened, and its net loss in the third quarter far exceeded expectations. According to the financial report, Pinduoduo's net loss in the third quarter of 2019 was RMB 2.335 billion, with the market expected net loss of RMB 1.222 billion, and the net loss of RMB 1.098 billion in the same period last year.

　　2. Alipay responds to cybercrime report: Fighting fraud like fighting drunk driving

　　On November 20, the Supreme People's Court released the "Quality and Trends of Cyber ​​Crime in Special Report on Judicial Big Data". The report shows that the proportion of online fraud cases conducted using Alipay showed a turning point in 2017, showing a downward trend. In response, Alipay responded today that it will continue to leverage its technological advantages to "fight fraud like fighting drunk driving." In addition, Alipay revealed that at present, Alipay's security system has taken the lead in realizing the full link of anti-fraud in the industry. (E-commerce News)

　　3. Kuaishou Spring Festival Gala budget is 3 billion

　　According to the Beijing News, on November 20, Kuaishou Short Video announced that it would join hands with the Spring Festival Gala to sign a contract with the "Brand Power Country Project" to strengthen the country's brand service project. Among them, Kuaishou will become the exclusive interactive partner of China Central Radio and Television Station's 2020 "Spring Festival Gala" and carry out this year's Spring Festival Gala red envelope interaction. Kuaishou has therefore become the first short video platform to participate in the Spring Festival Gala red envelope activity. According to people familiar with the matter, the budget for participating in the Spring Festival Gala Kuaishou is RMB 3 billion. Kuaishou has not yet given a reply to this. Previous reports said that Kuaishou has bid to obtain the qualification to sponsor the 2020 CCTV Spring Festival Gala red envelope with a budget of 4 billion. At that time, Kuaishou responded: The news is not true. (Europe)

　　4. Li Kefeng, Vice President of JD Group: JD.com will build an industrial Internet middle platform

　　November 20th news, yesterday at the 2019 JD Global Technology Explorer Conference, Li Kefeng, Vice President of JD Group, introduced that after years of accumulation and development, JD has formed a technology system based on cloud computing underlying infrastructure technology and general big data platform, AI, IoT, R&D energy efficiency, information security technology, and combining different scenarios such as retail, logistics, and digital technology. JD.com will build an industrial Internet middle platform. (China Securities Network)

　　5. Pinduoduo Huang Zheng: Subsidies will continue in the next quarter

　　According to news on November 21, Pinduoduo announced its financial report on November 20, US time, with performance lower than expected. The stock price fell at the opening on the same day, with the largest drop of 25.69%. Pinduoduo Huang Zheng said: "When the numbers performed poorly, it means we seized the investment opportunity and invested." Despite the poor performance, Huang Zheng still seemed very confident. He said that Pinduoduo will continue the "10 billion subsidy" strategy in the next quarter. (E-commerce News)

　　Internet news

　　6. State Post Bureau: A total of 21,302 complaints were filed in October.

　　On November 20, the State Post Bureau issued the "Notice on Appeals of Consumers in the Postal Industry" today. The notice shows that in October 2019, the State Post Bureau and the postal administrations of various provinces (autonomous regions and municipalities) handled a total of 21,639 consumer complaints through the "12305" postal industry consumer complaint telephone number and appeal website. Among them, 21,302 cases involving express service issues, accounting for 98.4% of the total number of complaints; 1,803 cases involving express service issues, accounting for 96.0% of the total number of complaints. (E-commerce News)

　　7. Wang Sicong was lifted for consumption restrictions

　　On the evening of November 20, a query of China Implementation Information Disclosure Network found that Wang Sicong is no longer on the list of restricted consumer personnel. On October 12, the People's Court of Jiading District, Shanghai issued a consumption restriction order with case number (2019) Shanghai 0114 Execution No. 4909. On August 12, 2019, the court filed a case for execution of the applicant Cao Yue's application for execution of other contract disputes in Shanghai Panda Interactive Entertainment Culture Co., Ltd. because Panda Interactive Entertainment failed to fulfill the payment obligations determined by the effective legal documents within the period specified in the execution notice and was taken to restrict its legal representative, main person in charge, direct responsible person who affects the performance of the debt, and actual controller Wang Sicong shall not carry out high consumption and non-essential consumption behaviors in life and work. Pusi Investment issued a statement on November 11 saying that Wang Sicong's restriction on high consumption was an investment dispute caused by the collapse of Panda TV's live broadcast platform. At present, Mr. Wang Sicong, the representative of Pusi Investment, is working hard to deal with it. There are already solutions and we are fully capable of solving the problem ourselves as soon as possible. (IT Home)

　　8. It is said that Amazon plans to launch cloud gaming services in 2020

　　According to NetEase Technology, citing foreign media reports, as technology giants such as Microsoft and Google launch their own cloud gaming services, Amazon is not willing to lag behind. According to two people familiar with the matter, the company is planning to release its own cloud gaming service in 2020 and integrate with live streaming video platform Twitch.

　　Amazon is hiring talents for its cloud gaming business and is also recruiting "chief product managers" for the "new AWS gaming plan". The recruitment information does not reveal any details about the project, but contains ambitions about Amazon gaming: "We believe that in the future, everyone will be a gamer, and every player can create, compete, collaborate and contact others on a large scale." (Titanium Media)

　　9. NetEase's net revenue in the third quarter was 14.64 billion yuan, and its net profit continued operation was 4.726 billion yuan.

　　According to November 21, NetEase released its third quarter financial report for 2019 today. NetEase's third-quarter revenue was RMB 14.64 billion, while analysts expected it to be RMB 18.18 billion. The net profit attributable to NetEase shareholders was RMB 12.885 billion (US$1.803 billion); the net profit attributable to NetEase shareholders was RMB 4.726 billion (US$661 million) based on non-US general accounting standards. Gross profit in the third quarter was RMB 7.87 billion, a year-on-year increase of 4.3%.

　　Among them, the net income of online game services was RMB 11.535 billion (US$1.614 billion), an increase of 11.5% year-on-year; Youdao's net income was RMB 346 million (US$48.39 million), an increase of 98.4% year-on-year; the net income of innovation and other businesses was RMB 2.755 billion (US$385 million), an increase of 4.5% year-on-year.

　　In addition, the gross profit of online game services in the third quarter was RMB 7.36 billion, a year-on-year increase of 9.3%, and analysts expected 6.98 billion (of which, the gross profit margin of online game services in the third quarter was 63.8%, and 65.1% in the same period in 2018). Operating expenses were RMB 4.536 billion (US$635 million), a year-on-year decrease of 3.3%. (Titanium Media)

　　Cross-border newsletter

　　10. In order to protect sellers' intellectual property rights, Indian e-commerce Snapdeal joins the International Trademark Association

　　It is reported that on November 19, Indian e-commerce Snapdeal said it has joined the International Trademark Association (INTA) as part of its support for the platform's intellectual property protection efforts. It is understood that INTA is a global association with more than 7,200 members in 187 countries, and its existing members include many platforms that implement intellectual property protection programs, such as Alibaba. (Hugo.com)

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